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for first-time unemployment claims last week. that's a high number. forget about sandy, 370,000 is a high number. here we are raising taxes on everybody who worked by $120 billion. maybe we'll also raise taxes on richer people, wealthier people. raise the tax on dividends and interest and capital gains. that amount to a big tax increase in a weak economy. should we be doing that? >> what we are told is all across the board this is what has to happen. we need revenues brought into the federal government. a lot of people unhappy with that model. but that what's they are arguing. >> reporter: that's what they are arguing. but the president wants higher tax rates on the rich web's standing firm on that. the republicans are not going to say caved but they agreed to $800 billion in extra tax revenues over 10 years. so yes a tax increase is coming in one form or another. and you add that to the payroll tax increase and you have got a big tax increase coming count pike in a weak economy. martha: it will hurt across the board from the top to the bottom. everybody's financial picture will look diff
right now. there are reports of a school shooting in new town, connecticut. at the sandy hook elementary school. officials are saying there is not much information but we are getting this from our local fox affiliate, fox 61 there. they say police are reporting a number of injured parties. we are not sure if they are adults or children. they say the nature of the injuries is not clear. we are getting the information into our newsroom. students are apparently being escorted from the building in groups. there is a staging area that has been set up for parents who naturally will be terrified to receive this news, and the police are on the scene. so we will bring you any more information as soon as we have it on this unfolding story. bill: back to that in a moment. in the mean time a powerful earthquake a few hours ago hitting the southern california coast and off the western coast of mexico here. 6.3 magnitude, about 2:30am local time, about 5:30 here on the east coast. about 160 miles off the coast of san diego here and local news reports say that folks in long beach and newport beach in s
's assassination nfl games were played and after hurricane sandy games were played. this is unsurprising behavior. bill: they played and they won which has been not so often this year. martha: as everyone tries to sort this story out, for the first time we are hearing the audio of the police communications between first responders at the scene as this tragedy unfold. some of this is understandably disturbing. >> code one, number 1 air ahead drive. martha: what an awful story this is. we know miss perkins later died at the hospital. more on this story as we continue. bill: there has been growing concern about concussions in the nfl. back in 2012 players suffered 127 to date. the league has seen the number of players grow from 2004 to 2010. and not just football. conditions happen in the u.s. each and every year. martha: belcher is not the first nfl player to recently take his life. junior say oh and dave diewr on both died of self-inflicted gunshot wounds. we'll talk to jim coming up in the next hour. >> 6 minutes past the hour. former president george herbert walker bush waking up in a houston ho
in the growing debate over gun control in the aftermath of the sandy hook elementary school tragedy. the head of the nra, standing by his comments about preventing similar mass curse. >> if it's crazy to call for putting police and armed security in our school to protect our children, then call me crazy. i will tell you what the american people, i think the american people think it is crazy not to do it. it is not going to make any kids safer. we have to get to the real problem, the real causes and that's what the nra is trying to do. there are so many different ways to evade that if you had that. you had that for 10 years when dianne feinstein passed the ban in '94. columbine occurred right in the middle of it. it didn't make any difference. i think that is phony piece of legislation and i do not believe it will pass for this reason. it is all built on lies that have been found out. heather: gun control advocates equally adamant about their position. here's democratic senator charles schumer. >> he was so extreme and so tone deaf, not even saying that guns had any part of the problem. that h
that lights when it nears you.♪ ♪and you will be happy too. martha: we have sandy on the east coast and now you've got yet another powerful rainstorm that is bearing down on northern california. in fact this is the area's fourth big storm in less than a week. can you imagine? can you imagine? the severe weather is causing damaging floods there and prompting massive sinkholes to open up in two separate communities. listen. >> oh, my god. we're lucky we are alive. >> i lost half my pictures, man. >> it don't have to happen to me twice, i'm out of here. martha: what is going on in the world, mother nature reeking a lot of havoc. claudia cowan is live. these storms have left their mark on the bay area. >> they really have, martha, we had a bit of a break in the weather yesterday. that gave work crews out here in laugh tpaoeuette a jum hereinaftehere here a jump start to fix this. it will take months to fix this giant sinkhole that opened up and sunday, it is 80 feet long, 15 feet deep. folks who live along the street will have to find ways to detour around it probably until next spring. a creek
is going to lose. ♪ bill: there is a new report that super storm sandy cost the economy $60 billion, for lost productivity and output. rick leventhal is live in staten island, new york where some industries have actually benefitted. what is the story there, rick? >> reporter: of koerbs, bil course, the businesses directly in the storm surge, retail and restaurants a lot of them have suffered dramatically. other businesses, contractors and home improvement have done very, very well. roofers, landscapers, electrical contractors. this couple run a electrical business and you guys have been crazy busy right? >> yes, since the storm we had hen emergency influx of emergency work. we are aeurbl to hire back some of the people we had laid off and we are looking to hire more people to handle the work that is coming in. >> reporter: you have more work than you can even do yourselves. >> wyatt this point. >> reporter: and you see what, no end in sight? >> we see this generating a very long term, at least a year, two years hopefully. >> reporter: it's great that they are actually able to employ
Search Results 0 to 6 of about 7 (some duplicates have been removed)